loanDepot Files Routine 8-K, Confirms NYSE Listing
Ticker: LDI · Form: 8-K · Filed: Jan 8, 2024 · CIK: 1831631
| Field | Detail |
|---|---|
| Company | Loandepot, INC. (LDI) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, compliance, 8-K
TL;DR
**loanDepot filed a standard 8-K, no big news, just regulatory compliance.**
AI Summary
loanDepot, Inc. filed an 8-K on January 4, 2024, under the 'Other Events' category, indicating a routine disclosure without specific financial figures or major corporate actions. This filing simply confirms loanDepot's status as a publicly traded company on the New York Stock Exchange under the ticker LDI and its compliance with SEC reporting requirements. For investors, this filing primarily serves as a procedural update, signaling ongoing regulatory adherence rather than a change in the company's operational or financial outlook.
Why It Matters
This filing confirms loanDepot's continued compliance with SEC regulations and its listing on the NYSE, which is important for maintaining investor confidence and market access.
Risk Assessment
Risk Level: low — This 8-K filing is purely procedural and does not disclose any events that would introduce new risks or change the company's risk profile.
Analyst Insight
A smart investor would note this as a standard compliance filing, indicating no immediate operational or financial changes, and would look to other filings for substantive news.
Key Players & Entities
- loanDepot, Inc. (company) — the registrant filing the 8-K
- New York Stock Exchange (company) — the exchange where loanDepot's Class A Common Stock is registered
- LDI (company) — the trading symbol for loanDepot's Class A Common Stock
- January 4, 2024 (date) — the date of the earliest event reported in the 8-K
FAQ
What is the purpose of this specific 8-K filing by loanDepot, Inc.?
This 8-K filing, dated January 4, 2024, is categorized under 'Other Events' and primarily serves as a routine disclosure to confirm loanDepot, Inc.'s ongoing compliance with SEC reporting requirements and its listing on the New York Stock Exchange under the trading symbol LDI.
What is loanDepot, Inc.'s trading symbol and on which exchange is it listed?
loanDepot, Inc.'s Class A Common Stock trades under the symbol LDI and is registered on the New York Stock Exchange, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 4, 2024, as explicitly stated on the first page of the Form 8-K.
Is loanDepot, Inc. considered an 'emerging growth company' according to this filing?
No, the filing indicates with a '☐' (unchecked box) that loanDepot, Inc. is not an 'emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
What is loanDepot, Inc.'s state of incorporation and Commission File Number?
loanDepot, Inc. is incorporated in Delaware and its Commission File Number is 001-40003, as detailed in the header section of the Form 8-K.
Filing Stats: 839 words · 3 min read · ~3 pages · Grade level 16 · Accepted 2024-01-08 06:00:48
Key Financial Figures
- $0.001 — hich registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange
Filing Documents
- ldi-20240104.htm (8-K) — 28KB
- 0001831631-24-000004.txt ( ) — 151KB
- ldi-20240104.xsd (EX-101.SCH) — 2KB
- ldi-20240104_lab.xml (EX-101.LAB) — 23KB
- ldi-20240104_pre.xml (EX-101.PRE) — 12KB
- ldi-20240104_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. loanDepot, Inc. (the "Company") recently identified a cybersecurity incident affecting certain of the Company's systems. Upon detecting unauthorized activity, the Company promptly took steps to contain and respond to the incident, including launching an investigation with assistance from leading cybersecurity experts, and began the process of notifying applicable regulators and law enforcement. Though our investigation is ongoing, at this time, the Company has determined that the unauthorized third party activity included access to certain Company systems and the encryption of data. In response, the Company shut down certain systems and continues to implement measures to secure its business operations, bring systems back online and respond to the incident. The Company will continue to assess the impact of the incident and whether the incident may have a material impact on the Company.
Forward Looking Statements
Forward Looking Statements This current Report on Form 8-K contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on the Company's expectations and beliefs concerning future events impacting the Company, and, therefore, involve several risks and uncertainties. You can identify these statements by the use of words such as "will," "anticipate," "estimate," "expect," "should," "could" and "may" and similar expressions or the negative versions of these words or comparable words (however, the absence of these words or similar expressions does not mean that a statement is not forward-looking). All statements regarding the impact from the cybersecurity incident, the scope of the investigation and the Company's plans, objectives, projections and expectations relating to the Company's operations or financial condition, and assumptions related thereto are forward-looking statements. Forward-looking statements are not guarantees and actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of the Company's operations or financial condition to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: the Company's ongoing assessment of the impacts of the cybersecurity incident; the Company's expectations regarding its ability to contain and remediate the cybersecurity incident; the impact of the cybersecurity incident on the Company's relationships with customers, employees and regulators; legal, reputational and financial risks resulting from the cybersecurity incident; and that any future, or still undetected, cybersecurity related incident, whether an attack, disruption, intrusion, denial of service, theft or other breach could result in unauthorized access to, or disclosure of, data, resulting in claims, costs and reputational